LONDON, 26 April 2011 - Italian newspaper La Stampa today features comments from secure, low-cost gold and silver investment company BullionVault in an article on the rising price of precious metals.
Italy's third largest national newspaper - and No.1 in Turin, Italy's fourth largest city - La Stampa calls BullionVault "the leading company for gold and silver trading and ownership" in an article about precious metals' booming prices.
"The reason for the boom is mostly the lack of confidence as regards the international economic situation, which leads investors to diversify their portfolio" writes Luigi Grassia, financial editor at the newspaper.
"Not only are investors are fleeing from the Dollar, but the Euro is also suffering," La Stampa quotes Alessandra Pilloni, Italian spokeperson for BullionVault.
"Investors all over the world are gradually choosing to abandon fiat currencies. Scared of national debts, they prefer more solid investments, such as gold."
Looking ahead, "Asia's deep love of gold - and ever-deepening pockets - suggest a different path, perhaps, from the post-bubble slump which gold prices suffered amid the record-high interest rates paid to cash savers to defeat Western inflation at the start of the '80s."
Those who are familiar with Italian can read the online version of the article at La Stampa here...
Or see the rough translation into English courtesy of Yahoo's BabelFish...
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